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April 26, 2024

Bruce Teitelbaum Looks To Revive One45 Project In Harlem With New Council Member

TF Cornerstone, RXR, Hudson Cos. And More Headline Bisnow's Future Of Brooklyn Event June 11

Bruce Teitelbaum is back at the negotiating table for a massive housing project in Harlem.

Bruce Teitelbaum Looks To Revive One45 Project In Harlem With New Council Member

The developer has entered the preliminary stages of the rezoning process for his One45 project, the New York Daily News reported. Two years ago, the application for the 917-unit building on the corner of West 145th Street and Lenox Avenue was withdrawn after political pushback from the local…

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Top Stories on Bisnow.com

Miami Worldcenter Was Almost A 'Dinosaur.' Now It's A $6B Juggernaut Miami Worldcenter Was Almost A 'Dinosaur.' Now It's A $6B Juggernaut
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Rudin Offloading FiDi Tower It's Owned For 64 Years For $160M

Rudin Offloading FiDi Tower It's Owned For 64 Years For $160M

Rudin has found a buyer at a lower-than-expected price for an office tower the family developed six decades ago and has held ever since.Rudin has reached a deal to sell 80 Pine St., a 1.2M SF Financial District office building, to Brooklyn-based Bushburg for $160M, The Real Deal…

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The Bisnow Weekender: Why Is CRE Leaving Green On The Table?

The Bisnow Weekender: Why Is CRE Leaving Green On The Table?  

Thanks for reading the Bisnow Weekender, my personally curated roundup of the most impactful news, notable quotes, binge-worthy show recommendations and other colorful highlights from the Bisnow world of commercial real estate and beyond. 

Save the planet and make money along the way?

The hard-nosed world of commercial real estate doesn’t run on morality — it runs on a different kind of green — but even when those shades of green match, the answer is a collective heave of … “nah.”

In a multi-part Bisnow special report published this week, we spotlight the underutilized potential of green loans within the real estate sector. As New York Reporter Ciara Long uncovers in her story, despite the dual benefits of helping the environment and securing cheaper debt, hesitancy among lenders and borrowers remains high, stifling wider adoption.

“If you want to put a number on it, guilt's worth a quarter point on interest on a loan. That's it. That's guilt,” one expert told us. “Anything beyond that, it's got to be something that can flow down to the bottom line. Right now, that's not matching up.”

In the second part of this series, Houston Reporter Maddy McCarty reports how real estate lenders are still missing significant opportunities to enforce carbon reduction measures among borrowers. It’s more of the same, which was perfectly illustrated in the big takeaway from our investigation last year led by

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